Poland’s ruling coalition wants central bank chief tried over hurting state interests

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Poland’s ruling coalition wants to try the central bank chief Adam Glapiński for using the central bank for State’s interests:

Lawmakers with Poland’s ruling pro-European Union coalition launched a rare process Tuesday to bring the central bank chief before a special court on allegations of acting against the country’s financial interests. The result could ban him from political life.

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One of the motion’s authors, Tomasz Trela, called Glapiński the “worst head of the National Bank of Poland since 1989,” when Poland shed communist rule. Trela alleged that Glapiński turned the bank into a political and campaigning tool of the previous government.

Glapiński was appointed in 2016 by the then-ruling conservative Law and Justice party and is currently in his second term. The allegations against him include unlawful funding of the state deficit from state-issued securities, weakening the national currency ahead of key elections, acting in the interest of Law and Justice and approving hefty bonuses for himself.

Phew!

Critics say this trial will break the central bank:

A bank board member, Pawel Szalamacha, called the motion an “attempt at breaking the independence of the central bank” and said it would lead to the “fracturing of the foundations of the Polish state and of its economy.”

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Critics of the effort suggested that the ruling coalition was going too far in its attempts to reverse the actions of Poland’s previous right-wing government, which were widely seen as undemocratic, and hold those responsible to account.